Gov. Andrew Cuomo is pointing to a new report from a national business group as affirmation that the state is becoming more business friendly under his tenure.
The report, released by the U.S. Chamber of Commerce yesterday, ranked New York 10th on its list of “Enterprising States”—an 11 spot jump from its previous ranking. The report cited the state’s “large, complex economy” that “performed well across all measures” used in its rankings, which seeks to identify states that have been friendly to job creation and business growth.
“The focus of the administration has always been and will continue to be making New York work to help create jobs and grow businesses in every region of the state,” Cuomo said in a statement today. “In the spirit of entrepreneurial government and through our New York Works initiatives, we have positioned the state as a partner to the private sector to encourage billions of dollars of new investment in nanotechnology and other growth industries.”
While New York has long been known for its high taxes and strict business regulations, Cuomo has generally had a friendly relationship with the state’s business community.
That doesn’t mean there haven’t been signs of stress, however. The state Thruway Authority has begun moving forward with a plan to hike tolls by 45 percent on large trucks, while an increase in worker’s compensation case rates also looms.
“The big financial houses and universities may be doing well, but small businesses are still struggling beneath the highest taxes in the country and they’re still dealing with a hostile regulatory culture in Albany,” said Mike Durant, state director of the National Federation of Independent Business.
Here’s a copy of the report: